The combined group has a portfolio of telecommunications infrastructure, including a national 3G, 4G and 5G mobile network and spectrum, thousands of kilometres of domestic and international fibre.
The combined financial scale will enable the merged entity to deliver more competitive value propositions to Australian consumers.
Immediately prior to the implementation of the merger, TPG Telecom demerged and listed Tuas Limited (Tuas) by way of an in-specie dividend distribution to existing TPG Telecom shareholders. Tuas owns and operates a national 4G mobile network in Singapore following its successful acquisition of spectrum in December 2016.
This transaction was the culmination of a series of transactions and capital raisings that Macquarie had worked on with TPG Telecom over a period of 10 years and which gave Macquarie unprecedented insight into the TPG Telecom business model and how we could identify and add value.
Transaction extends Macquarie’s deep sector expertise in the Australian Telecommunications industry, including multiple past transactions with TPG Telecom.
The merger establishes a stronger full-service telecommunications provider
99% of TPG shareholders approved the merger by way of Scheme of Arrangement
Successful demerger and listing of Tuas Limited, which operates TPG Singapore